The FASB addressed simultaneous financing and investing activities by requiring they be
A)ignored.
B)reported separately on a supplemental schedule to the cash flow statement.
C)reported on the retained earnings statement.
D)reported separately on the income statement.

Question

Quizplus · Accepted Answer

The FASB requires that simultaneous financing and investing activities be reported separately on a supplemental schedule to the cash flow statement. This ensures transparency and accuracy in reporting cash flows from these activities.

The FASB Addressed Simultaneous Financing and Investing Activities by Requiring